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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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Posts: 550
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6 years ago
Calculate the accumulated value after ten years of payments of $1000.00 made at the end of each month if interest is 4% compounded semi-annually.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
#1
6 years ago
PMT = 1000.00; n = 10(12) = 120; i =   = 2% = 0.02; c =   =  ; I/Y = 4; P/Y = 12; C/Y = 2
p =   - 1 = 0.00330589
FV = 100  = $146994.41

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Hillier Author
wrote...
#2
5 years ago
Thanks so much
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